Seems to me these charges are excessive, and give pm an incentive to have as much repair work as possible (in fact, there have been numerous repair works on my property so far.)The property is old (built in 1958) located in Atlanta.

In my property management career I have always followed the lease, and in the numerous gray areas that inevitably pop up I ask myself "What would a judge think of this?"

I checked the comps in the area and there has been numerous homes with the same Sq Ft that have sold for around $87,000 -$90,000.The house has 2Beds1Bath768Sq.

I've read the numerous posts and blogs about this but still can't come to a conclusion if it would be viable option or not.

This is much longer than the bank quoted and I was very quick in returned the numerous documents they requested.

However, this is in direct contrast to the OPs stated desires (if I'm understanding correctly) to have higher cash flow day one ... always important to consider both the quality of the cash flow in addition to the quantity ...

You are MUCH better off getting 10 units that have total returns of $1000/mo ... quality over quantity.

One background check took 4 days to get results, and both me and the applicant tried numerous times to get help on we both only got the same automated email.I haven't tried smart move, but I will next vacancy 

The quantities may vary depending on the time of market, but they always do seem to be there if you look hard enough..

“Numerous termite shelter tubes and resulting heavy damage to the floor joists and sub-floor boards were observed.